Cost vs. Value 2007 – Additions

Thinking of adding on to your abode?  In this weeks cost vs. value segment we’ll be looking at three popular additions that can make your home much more enjoyable! Here are the latest numbers for the Seattle area.

Family Room Addition   Project Description:  In a style and location appropriate to the house, add a 16-by-25-foot room on a crawlspace foundation with wood siding and fiberglass shingle roof. Include drywall interior with batt insulation, prefinished hardwood floor, and 180 square feet of glazing, including windows, atrium-style exterior doors, and two operable skylights. Tie into heating and cooling.

Project cost:  $87,854
Resale value:  $83,741
Cost recouped:  95.3%

Master Suite Addition  Project Description:  On a house with two or three bedrooms, add a 24-by-16-foot master bedroom suite with bath over a crawl space. Include walk-in closet/dressing area, whirlpool tub in ceramic tile platform, separate 3-by-4-foot ceramic tile shower, and double-bowl vanity with solid surface countertop. Carpet bedroom floor, and install ceramic tile on bathroom floor. Paint the walls, ceiling, and trim. Add general and spot lighting and exhaust fan.

Project cost:  $110,582
Resale Value:  $103,814
Cost recouped:  93.9%

Deck Addition  Project Description:  Add a 16-by-20-foot deck using pressure-treated pine joists supported by 4-by-4-inch posts set into concrete footings. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Provide a complete railing system made of the same composite as the decking material or a compatible vinyl system.

Project cost:  $12,205
Resale Value:  $14,701
Cost recouped:  120.4%

All of the statistical information was provided by
c 2007 Hanley Wood, LLC.  Reproduced by permission.  Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com